Lionsgate (LGF) Raises Quarterly Dividend 40% to $0.07; 0.9% Yield

Lionsgate (NYSE: LGF) declared a quarterly dividend of $0.07 per share, or $0.28 annualized. This is a 40% increase from the prior dividend of $0.05.

The dividend will be payable on November 7, 2014, to stockholders of record on October 30, 2014, with an ex-dividend date of October 28, 2014.

The annual yield on the dividend is 0.9 percent.

"We're pleased that our continued strong financial performance, combined with our excellent visibility, enables us to return greater value to our shareholders by increasing our quarterly dividend," said Lionsgate Chief Executive Officer Jon Feltheimer and Vice Chairman Michael Burns. "This is an important part of our strategy of allocating cash towards repurchasing our stock, growing our yearly dividend and re-investing in our content portfolio."

For a dividend history and other dividend-related data on Lionsgate (LGF) click here.

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